The lawsuit alleges that the company collected detailed facial maps and fingerprints of customers without their consent.
Cryptocurrency exchange Coinbase is facing a class action lawsuit for collecting facial templates and fingerprints of customers without their consent in violation of Illinois’ new biometrics law.
The lawsuit, filed in federal court in San Francisco, alleges Coinbase collects facial data from IDs and selfies uploaded by customers.
As report According to Bloomberg, the company also collects fingerprint data when customers log into their accounts using the required fingerprint scanning technology. The company’s collection and storage of this data exposes users to “substantial and irreversible privacy risks,” according to the lawsuit.
The case highlights growing concerns about data privacy and the need for companies to be transparent about how they collect and use user data, especially sensitive biometric information such as facial recognition and fingerprint data. I’m here.
Lawsuits like this are likely to become more common as more companies collect and store biometric data, and strong data privacy practices that work to prevent the misuse of such sensitive information in the first place. Importance is emphasized.
Bitcoin is inherently a transparent database, and while many of the onramps most frequently used to buy and sell Bitcoin require full KYC (Know Your Customer) compliance, Bitcoin users do not have access to personal data. There are steps you can take to minimize leaks.